CT HB06880

Applies to employers with 50 or more employees in Connecticut that receive state assistance exceeding $1 million (or $1 million+ combined with assistance from prior two years)

Prohibits eligible employers from receiving state assistance, tax credits, tax exemptions, abatements, or financial assistance under general statutes titles 12 or 32 if any board member, CEO, officer, owner, president, or executive staff member earns 50 times or more the company's average employee compensation in the same calendar year

Eligibility restrictions apply beginning January 1, 2016

Does not affect tax credits, exemptions, abatements, or financial assistance granted before January 1, 2016, even if those benefits continue afterward

Takes effect October 1, 2015